2007-03-07 13:11:58 · 3 answers · asked by Teodor P 1 in Social Science ➔ Economics
Market just means supply meeting demand determined by what people are willing to pay or exchange. Global is the same but with the added complications of government subsidies, labour laws, exchange rates and everything that can make fundamental differences between economies.
2007-03-07 13:19:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
semantics.
A Market economy refers to any individual society's economy where value is set by the market, not government decree.
Global Economy refers to the melding of the separate world economies into a single, intradependent, world wide economy.
2007-03-07 21:21:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Market economy refers to capitalism and "free" market (little government interference) type economies.
Global Economy just means world wide trade. It is kind of a buzz word as technology such as transportation and preservatives have made it easier to trade between countries.
2007-03-07 21:48:36 · answer #3 · answered by JuanB 7 · 1⤊ 0⤋